How Coinwaka P2P escrow protects you
Escrow holds the crypto until payment is confirmed, protecting both buyer and seller.
Escrow is what makes P2P safe. Here's the flow when someone buys crypto from a seller:
- Buyer places an order against a sell ad.
- Coinwaka locks the seller's crypto in escrow: it can't be moved.
- The buyer pays the seller using the agreed method (e.g. M-Pesa).
- The buyer marks the order as paid and uploads proof.
- The seller confirms the money arrived in their own account.
- Coinwaka releases the escrowed crypto to the buyer.
Why this protects both sides
- The buyer knows the crypto is already locked and can't be sold to someone else.
- The seller knows they only release after confirming real payment.
If something goes wrong, either side can open a dispute and the funds stay locked until it's resolved. Never trade outside this escrow flow.